Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Lending Act, Regulation Z
Multiple Choice Question
Consumer Credit Protection Act of 1968
A keeping services unique keeps customers from leaving
B real estate Commissioner brings against agent
C good credit is a right of citizenship
D required lender disclosures help consumers shop
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real EstateLicenseExam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

published:13 Jul 2013

views:917

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Credit (finance)

Credit (from Latincredit, "(he/she/it) believes") is the trust which allows one party to provide money or resources to another party where that second party does not reimburse the first party immediately (thereby generating a debt), but instead arranges either to repay or return those resources (or other materials of equal value) at a later date. The resources provided may be financial (e.g. granting a loan), or they may consist of goods or services (e.g. consumer credit). Credit encompasses any form of deferred payment. Credit is extended by a creditor, also known as a lender, to a debtor, also known as a borrower.

Credit does not necessarily require money. The credit concept can be applied in barter economies as well, based on the direct exchange of goods and services. However, in modern societies, credit is usually denominated by a unit of account. Unlike money, credit itself cannot act as a unit of account.

Movements of financial capital are normally dependent on either credit or equity transfers. Credit is in turn dependent on the reputation or creditworthiness of the entity which takes responsibility for the funds. Credit is also traded in financial markets. The purest form is the credit default swap market, which is essentially a traded market in credit insurance. A credit default swap represents the price at which two parties exchange this risk–the protection seller takes the risk of default of the credit in return for a payment, commonly denoted in basis points (one basis point is 1/100 of a percent) of the notional amount to be referenced, while the protection buyer pays this premium and in the case of default of the underlying (a loan, bond or other receivable), delivers this receivable to the protection seller and receives from the seller the par amount (that is, is made whole).

Credit counseling

Credit counseling (known in the United Kingdom as Debt counselling) is commonly a process that is used to help individual debtors with debt settlement through education, budgeting and the use of a variety of tools with the goal to reduce and ultimately eliminate debt. Credit counseling is most often done by Credit counseling agencies that are empowered by contract to act on behalf of the debtor to negotiate with creditors to resolve debt that is beyond a debtor's ability to pay. Some of the agencies are non-profits that charge at no or non-fee rates, while others can be for-profit and include high fees. Regulations on credit counseling and Credit counseling agencies varies by country and sometimes within regions of the countries themselves. In the United States, individuals filing Chapter 13 bankruptcy are required to receive counseling.

Overview

In the United States, the National Foundation for Credit Counseling was established in 1951. The modern practice known as ‘‘credit counseling’’ was initiated by creditor banks and credit card companies during the mid-1960s to address the growing volume of personal bankruptcies.

Hazard, Kentucky

History

Local landowner Elijah Combs Sr. laid out the town in 1824 as the planned seat of the newly established Perry County. Both the town and the county were named for Cdre. Oliver Hazard Perry, the hero of the 1813 Battle of Lake Erie in the War of 1812. The post office was initially known as Perry Court House but the name was officially changed to Hazard in 1854. The city was formally incorporated by the state assembly in 1884.

Long isolated by the surrounding mountains, Hazard was opened to the outside world by the arrival of the railroad in 1912. The only access to the valley had previously been 45 miles down the North Fork of the Kentucky River or a two-week trip over the surrounding mountains. The railroad brought boom times to the town, but the Great Depression saw prosperity end as quickly as it had begun.

The song "High Sheriff of Hazard" was written by Tom Paxton in reference to a coal miner's strike in 1964.

Consumer Credit Protection Act

The Consumer Credit Protection Act, is a United States law Pub.L. 90–321, 82Stat.146, enacted May29, 1968, composed of several titles relating to consumer credit, mainly title I, the Truth in Lending Act, title II related to extortionate credit transactions, title III related to restrictions on wage garnishment, and title IV related to the National Commission on Consumer Finance.

Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Lending Act, Regulation Z
Multiple Choice Question
Consumer Credit Protection Act of 1968
A keeping services unique keeps customers from leaving
B real estate Commissioner brings against agent
C good credit is a right of citizenship
D required lender disclosures help consumers shop
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real EstateLicenseExam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!

The secrets of rewards travel

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

20:07

Credit bureau

Credit bureau

Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Understand wholesale and retail credit in banking systems

Who is the wholesaler or retailer of credit is the key to equality.
As long as any government remains only a retailer of wholesale credit originated by privately owned banks and not the privately owned banks being retailers of wholesale credit originated by a government institution, held in public trust on behalf of all of society, with constitutional stabilisers to keep the money system honest, those governments will always be subservient to private banker rule and surrendering the majority of its citizens into ever increasing debt servitude.
UniversalPublicCreditPublic PolicySubmissionTo whom it may concern,
Attempting to form public policy for equal economic opportunity of all citizens without a full knowledge of the function of money as invented and intended - that this submission details - is doing so by looking at 1/3 of a many piece puzzle forced together in frustrated confusion - thinking its complete - when 2/3 of the picture needed in the middle to make clear sense of it all - is in-fact one large piece that has been hidden by a self serving few to steal from wider society under false pretenses.
The Bank of England - one of the senior most international financial institutions - recently made this amazing - amazing historical admission in its March 2014 quarterly bulletin - that what they tell government officials about how the private central banking network funds itself has been a lie;
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
• This article explains how the majority of money in the modern economy is created by commercial banks making loans.
• Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.
• Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits.
Pg 2
Two misconceptions about money creation
The vast majority of money held by the public takes the form of bank deposits. But where the stock of bank deposits comes from is often misunderstood. One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them.......Saving does not by itself increase the deposits or ‘funds available’ for banks to lend.
Indeed, viewing banks simply as intermediaries ignores the fact that, in reality in the modern economy, commercial banks are the creators of deposit money. This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.(3)
Another common misconception is that the central bank determines the quantity of loans and deposits in the economy by controlling the quantity of central bank money — the so-called ‘money multiplier’.......In reality, neither are reserves a binding constraint on lending, nor does the central bank fix the amount of reserves that are available. As with the relationship between deposits and loans, the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks.
End
http://publiccreditorbust.blogspot.co.nz/2013/04/universal-public-credit-public-policy.html

1:11

Discover how consumer financing from SPENDOWN can help your business today!

Discover how consumer financing from SPENDOWN can help your business today!

Discover how consumer financing from SPENDOWN can help your business today!

http://shwit.us/arc90financing
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Consumer Financing For Retailers Business Owners Michigan No CreditCheckAutoRepair Financing
No Credit Check Financing - No Credit Check Financing For Your Customers
In leasing or rent to own the total of payments is often 180% the sale price. For that $1000.00 item you sold the customer they pay $1800.00 and the lender is pocketing $800.00.
Credit cards and personal loans aren't much better. That $1000.00 sale is discounted immediately to you for about 1.8% in that month. Month on month and it becomes an annual rate of 21.6% you pay plus the additional 20% or more compound interest the customer pays. That makes the total of payments about $1400.00. Subtract your cost for the item and you might be on par with the lender who doesn't have your overhead expenses.
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Credit history - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_history
Wikipedia
This article deals with the general concept of the term credit history. For detailed information .... Inquiries that have no effect on the creditworthiness of a consumer (also known ... A creditor also checks its customers' credit files periodically. ... offers a free publication called Understanding Your Credit Report and Credit Score.
Credit score - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score
Wikipedia
A credit score is a numerical expression based on a level analysis of a person's credit files, ... Lenders also use credit scores to determine which customers are likely to bring in ... in the credit report as a 'soft inquiry', but it has no effect on their credit score. .... However industry associations including the Finance and Leasing ...
Credit score in the United States - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score_in_the_United_States
Wikipedia
A credit score in the United States is a number representing the creditworthiness of a person, ... 10%: types of credit used (installment, revolving, consumer finance, mortgage): ... recorded and displayed on personal credit reports for two years they have no effect after ... Getting a higher credit limit can help your credit score.
Credit risk - Wikipedia, the free encyclopedia
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Wikipedia
A credit risk is the risk of d
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CreditRationing

Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Le...

Credit Repair Hazard Nebraska

The secrets of rewards travel

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

published: 09 Apr 2017

The 2008 Financial Crisis: Crash Course Economics #12

Today on Crash Course Economics, Adriene and Jacob talk about the 2008 financial crisis and the US Goverment's response to the troubles. So, all this starts with home mortgages, and the use of mortgages as an investment instrument. For years, it seemed like the US housing market would go up and up. Like a bubble or something. It turns out it was a bubble. But not the good kind. And the government response was...interesting. Anyway, why are you reading this? Watch the video!
More Financial Crisis Resources:
Financial Crisis InquiryReport: http://www.gpo.gov/fdsys/pkg/GPO-FCIC/pdf/GPO-FCIC.pdfTAL: Giant Pool of Money: http://www.thisamericanlife.org/radio-archives/episode/355/the-giant-pool-of-money
Timeline of the crisis: https://www.stlouisfed.org/financial-crisis/full-timeline
htt...

published: 21 Oct 2015

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

published: 13 Jul 2013

Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information cou...

Vicco Kentucky Consumer Credit Counseling call 1-888-551-1270

Understand wholesale and retail credit in banking systems

Who is the wholesaler or retailer of credit is the key to equality.
As long as any government remains only a retailer of wholesale credit originated by privately owned banks and not the privately owned banks being retailers of wholesale credit originated by a government institution, held in public trust on behalf of all of society, with constitutional stabilisers to keep the money system honest, those governments will always be subservient to private banker rule and surrendering the majority of its citizens into ever increasing debt servitude.
UniversalPublicCreditPublic PolicySubmissionTo whom it may concern,
Attempting to form public policy for equal economic opportunity of all citizens without a full knowledge of the function of money as invented and intended - that this submissi...

published: 09 May 2015

Discover how consumer financing from SPENDOWN can help your business today!

http://shwit.us/arc90financing
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Consumer Financing For Retailers Business Owners Michigan No CreditCheckAutoRepair Financing
No Credit Check Financing - No Credit Check Financing For Your Customers
In leasing or rent to own the total of payments is often 180% the sale price. For that $1000.00 item you sold the customer they pay $1800.00 and the lender is pocketing $800.00.
Credit cards and personal loans aren't much better. That $1000.00 sale is discounted immediately to you for about 1.8% in that month. Month on month and it becomes an annual rate of 21.6% you pay plus the additional 20% or more compound interest the customer pays. That makes the total of payments about $1400.00. Subtract your cost for the item and you might be on par with the...

Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Lending Act, Regulation Z
Multiple Choice Question
Consumer Credit Protection Act of 1968
A keeping services unique keeps customers from leaving
B real estate Commissioner brings against agent
C good credit is a right of citizenship
D required lender disclosures help consumers shop
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real EstateLicenseExam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!

Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Lending Act, Regulation Z
Multiple Choice Question
Consumer Credit Protection Act of 1968
A keeping services unique keeps customers from leaving
B real estate Commissioner brings against agent
C good credit is a right of citizenship
D required lender disclosures help consumers shop
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real EstateLicenseExam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!

The secrets of rewards travel

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the blogge...

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning...

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Understand wholesale and retail credit in banking systems

Who is the wholesaler or retailer of credit is the key to equality.
As long as any government remains only a retailer of wholesale credit originated by privatel...

Who is the wholesaler or retailer of credit is the key to equality.
As long as any government remains only a retailer of wholesale credit originated by privately owned banks and not the privately owned banks being retailers of wholesale credit originated by a government institution, held in public trust on behalf of all of society, with constitutional stabilisers to keep the money system honest, those governments will always be subservient to private banker rule and surrendering the majority of its citizens into ever increasing debt servitude.
UniversalPublicCreditPublic PolicySubmissionTo whom it may concern,
Attempting to form public policy for equal economic opportunity of all citizens without a full knowledge of the function of money as invented and intended - that this submission details - is doing so by looking at 1/3 of a many piece puzzle forced together in frustrated confusion - thinking its complete - when 2/3 of the picture needed in the middle to make clear sense of it all - is in-fact one large piece that has been hidden by a self serving few to steal from wider society under false pretenses.
The Bank of England - one of the senior most international financial institutions - recently made this amazing - amazing historical admission in its March 2014 quarterly bulletin - that what they tell government officials about how the private central banking network funds itself has been a lie;
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
• This article explains how the majority of money in the modern economy is created by commercial banks making loans.
• Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.
• Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits.
Pg 2
Two misconceptions about money creation
The vast majority of money held by the public takes the form of bank deposits. But where the stock of bank deposits comes from is often misunderstood. One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them.......Saving does not by itself increase the deposits or ‘funds available’ for banks to lend.
Indeed, viewing banks simply as intermediaries ignores the fact that, in reality in the modern economy, commercial banks are the creators of deposit money. This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.(3)
Another common misconception is that the central bank determines the quantity of loans and deposits in the economy by controlling the quantity of central bank money — the so-called ‘money multiplier’.......In reality, neither are reserves a binding constraint on lending, nor does the central bank fix the amount of reserves that are available. As with the relationship between deposits and loans, the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks.
End
http://publiccreditorbust.blogspot.co.nz/2013/04/universal-public-credit-public-policy.html

Who is the wholesaler or retailer of credit is the key to equality.
As long as any government remains only a retailer of wholesale credit originated by privately owned banks and not the privately owned banks being retailers of wholesale credit originated by a government institution, held in public trust on behalf of all of society, with constitutional stabilisers to keep the money system honest, those governments will always be subservient to private banker rule and surrendering the majority of its citizens into ever increasing debt servitude.
UniversalPublicCreditPublic PolicySubmissionTo whom it may concern,
Attempting to form public policy for equal economic opportunity of all citizens without a full knowledge of the function of money as invented and intended - that this submission details - is doing so by looking at 1/3 of a many piece puzzle forced together in frustrated confusion - thinking its complete - when 2/3 of the picture needed in the middle to make clear sense of it all - is in-fact one large piece that has been hidden by a self serving few to steal from wider society under false pretenses.
The Bank of England - one of the senior most international financial institutions - recently made this amazing - amazing historical admission in its March 2014 quarterly bulletin - that what they tell government officials about how the private central banking network funds itself has been a lie;
http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q1prereleasemoneycreation.pdf
• This article explains how the majority of money in the modern economy is created by commercial banks making loans.
• Money creation in practice differs from some popular misconceptions — banks do not act simply as intermediaries, lending out deposits that savers place with them, and nor do they ‘multiply up’ central bank money to create new loans and deposits.
• Rather than banks receiving deposits when households save and then lending them out, bank lending creates deposits.
Pg 2
Two misconceptions about money creation
The vast majority of money held by the public takes the form of bank deposits. But where the stock of bank deposits comes from is often misunderstood. One common misconception is that banks act simply as intermediaries, lending out the deposits that savers place with them.......Saving does not by itself increase the deposits or ‘funds available’ for banks to lend.
Indeed, viewing banks simply as intermediaries ignores the fact that, in reality in the modern economy, commercial banks are the creators of deposit money. This article explains how, rather than banks lending out deposits that are placed with them, the act of lending creates deposits — the reverse of the sequence typically described in textbooks.(3)
Another common misconception is that the central bank determines the quantity of loans and deposits in the economy by controlling the quantity of central bank money — the so-called ‘money multiplier’.......In reality, neither are reserves a binding constraint on lending, nor does the central bank fix the amount of reserves that are available. As with the relationship between deposits and loans, the relationship between reserves and loans typically operates in the reverse way to that described in some economics textbooks.
End
http://publiccreditorbust.blogspot.co.nz/2013/04/universal-public-credit-public-policy.html

published:09 May 2015

views:3107

back

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Consumer Financing For Retailers Business Owners Michigan No CreditCheckAutoRepair Financing
No Credit Check Financing - No Credit Check Financing For Your Customers
In leasing or rent to own the total of payments is often 180% the sale price. For that $1000.00 item you sold the customer they pay $1800.00 and the lender is pocketing $800.00.
Credit cards and personal loans aren't much better. That $1000.00 sale is discounted immediately to you for about 1.8% in that month. Month on month and it becomes an annual rate of 21.6% you pay plus the additional 20% or more compound interest the customer pays. That makes the total of payments about $1400.00. Subtract your cost for the item and you might be on par with the lender who doesn't have your overhead expenses.
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More Information about No Credit Check Financing - No Credit Check Financing For Your Customers:
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Do you offer No Credit Check Financing for your product or service? StopLosing ... With these 3 things we can approve you customers on the spot! Approve ...
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Consumer Financing Programs | VIP Financing Solutions
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Credit history - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_history
Wikipedia
This article deals with the general concept of the term credit history. For detailed information .... Inquiries that have no effect on the creditworthiness of a consumer (also known ... A creditor also checks its customers' credit files periodically. ... offers a free publication called Understanding Your Credit Report and Credit Score.
Credit score - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score
Wikipedia
A credit score is a numerical expression based on a level analysis of a person's credit files, ... Lenders also use credit scores to determine which customers are likely to bring in ... in the credit report as a 'soft inquiry', but it has no effect on their credit score. .... However industry associations including the Finance and Leasing ...
Credit score in the United States - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score_in_the_United_States
Wikipedia
A credit score in the United States is a number representing the creditworthiness of a person, ... 10%: types of credit used (installment, revolving, consumer finance, mortgage): ... recorded and displayed on personal credit reports for two years they have no effect after ... Getting a higher credit limit can help your credit score.
Credit risk - Wikipedia, the free encyclopedia
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Wikipedia
A credit risk is the risk of d
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http://shwit.us/arc90financing
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Consumer Financing For Retailers Business Owners Michigan No CreditCheckAutoRepair Financing
No Credit Check Financing - No Credit Check Financing For Your Customers
In leasing or rent to own the total of payments is often 180% the sale price. For that $1000.00 item you sold the customer they pay $1800.00 and the lender is pocketing $800.00.
Credit cards and personal loans aren't much better. That $1000.00 sale is discounted immediately to you for about 1.8% in that month. Month on month and it becomes an annual rate of 21.6% you pay plus the additional 20% or more compound interest the customer pays. That makes the total of payments about $1400.00. Subtract your cost for the item and you might be on par with the lender who doesn't have your overhead expenses.
----------------------------------------
CLICK HERE: http://myagent.odgi.net/arc90
----------------------------------------
More Information about No Credit Check Financing - No Credit Check Financing For Your Customers:
Offer Your Customers No Credit Check Financing and Get them ...
http://myagent.odgi.net/arc90
Do you offer No Credit Check Financing for your product or service? StopLosing ... With these 3 things we can approve you customers on the spot! Approve ...
Flexx Buy — FLEXX Retail- Retail Consumer Financing
http://myagent.odgi.net/arc90
FLEXX Retail- No credit check and all credit check customer financing for retail ... FLEXX Retail will HelpYour BusinessGenerate More Sales By Making It ...
Consumer Financing Programs | VIP Financing Solutions
offer-vip-financing.com/
Through our consumer financing programs and no credit check financing, your customers can avoid the headaches of paperwork, get fast approval without a ...
A1 Merchant Solutions | Offer Your Clients No-Credit-Check Financing ...
http://myagent.odgi.net/arc90
If your business sells big-ticket items, you can offer
Credit history - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_history
Wikipedia
This article deals with the general concept of the term credit history. For detailed information .... Inquiries that have no effect on the creditworthiness of a consumer (also known ... A creditor also checks its customers' credit files periodically. ... offers a free publication called Understanding Your Credit Report and Credit Score.
Credit score - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score
Wikipedia
A credit score is a numerical expression based on a level analysis of a person's credit files, ... Lenders also use credit scores to determine which customers are likely to bring in ... in the credit report as a 'soft inquiry', but it has no effect on their credit score. .... However industry associations including the Finance and Leasing ...
Credit score in the United States - Wikipedia, the free encyclopedia
https://en.wikipedia.org/wiki/Credit_score_in_the_United_States
Wikipedia
A credit score in the United States is a number representing the creditworthiness of a person, ... 10%: types of credit used (installment, revolving, consumer finance, mortgage): ... recorded and displayed on personal credit reports for two years they have no effect after ... Getting a higher credit limit can help your credit score.
Credit risk - Wikipedia, the free encyclopedia
http://myagent.odgi.net/arc90
Wikipedia
A credit risk is the risk of d
----------------------------------------
CLICK HERE: http://myagent.odgi.net/arc90
----------------------------------------
People who watched this video:
http://myagent.odgi.net/arc90
Also searched online for:
Searches related to No Credit Check Financing - No Credit Check Financing For Your Customers
no credit check furniture financing
no credit check financing jewelry
progressive no credit check financing reviews
no credit check financing tires
no credit check car financing
no credit check motorcycle financing
no credit check home financing
no credit check mortgage financing
-------------------------------------------
FOR MORE DETAILS: http://myagent.odgi.net/arc90
-------------------------------------------
CONNECT WITH US:
Twitter@TheBPress
FB@Globalcheck.com
------------------------------------------
Don't forget to check out our YouTube Channel:
https://www.youtube.com/channel/UC70qVpJb4s3Pvn2V59Nr0bg
and click the link below to subscribe to our channel and get informed when we add new content:
https://www.youtube.com/channel/UC70qVpJb4s3Pvn2V59Nr0bg
--------------------------------------------
#nocreditcheckfurniturefinancing
#nocreditcheckfinancingjewelry
#progressivenocreditcheckfinancingreviews
#nocreditcheckfinancingtires
#nocreditcheckcarfinancing
#nocreditcheckmotorcyclefinancing
#nocreditcheckhomefinancing
#nocreditcheckmortgagefinancing
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Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information cou...

published: 25 Dec 2015

The Economics of Credit Cards

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the world to have instantaneous access to credit to transact in both traditional in-person retail settings and over the Internet with businesses they will never see. In theU.S., we have become accustomed to paying for an increasing share of our purchases through electronic means.
But behind their convenience and speed lies an often misunderstood economics of consumer credit, two-sided markets, and network systems. Congressional action to regulate these markets must take into consideration the unique nature of this changing form of currency.
ProfessorTodd Zywicki and Professor Geoffrey Manne will provide an overview of the trends and...

published: 27 Oct 2010

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

The Bubble Economy and How to Prevent Financial Disasters in the Future (2009)

Popular among laymen but not fully confirmed by empirical research, greater fool theory portrays bubbles as driven by the behavior of a perennially optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. According to this unsupported explanation, the bubbles continue as long as the fools can find greater fools to pay up for the overvalued asset. The bubbles will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price.
Extrapolation is projecting historical data into the future on the same basis; if prices have risen at a certain rate in the past, they will continue t...

published: 04 Sep 2014

3. Technology and Invention in Finance

Financial Markets (ECON 252)
Technology and innovation underlie finance. In order to manage risks successfully, particularly long-term, we must pool large amounts of risk among many, diverse people and overcome barriers such as moral hazard and erroneous framing. Inventions such as insurance contracts and social security, and information technology all the way from such simple things as paper, and the postal service to modern computers have helped to manage risks and to encourage financial systems to address issues pertaining to risk. The tax and welfare system is one of the most important risk management systems.
00:00 - Chapter 1. Introduction
05:22 - Chapter 2. Introduction to the History of Risk Management
12:31 - Chapter 3. Long-Term Risk, Risk-Pooling, and Moral Hazard
26...

published: 20 Nov 2008

13. Banks

Financial Markets (2011) (ECON 252)
Banks are among our enduring of financial institutions. Their survival in so many different historical periods is testimony to their importance. ProfessorShiller traces the origins of interest rates from Sumeria in 2000 BC, to ancient Greece and Rome, up to the Song Dynasty in China between the 10th and the 12th century. Subsequently, he looks at banking in Italy during the Renaissance and at the goldsmith bankers in 16th and 17th century England. Banks have survived so long because they solve adverse selection and moral hazard problems. Additionally, he covers Douglas Diamond's and Philip Dybvig's model, which does not only analyze the banks' role for liquidity provision, but also reveals the possibility of bank runs. This leads Professor Shiller to d...

RazerBasilisk Gaming MouseReview, Read exFAT Drives In Linux, iPhone X, Equifax Hack? Get a CreditFreeze!
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00:47 Apple's BigEvent:
Apple announced the iPhone X, iPhone 8, Apple TV 4K and Apple WatchSeries 3... our thoughts in the video!
https://www.apple.com/iphone-x/
https://www.apple.com/iphone-8/
https://www.apple.com/apple-tv-4k/
https://www.apple.com/apple-watch-series-3/
https://www.apple.com/newsroom/2017/09/apple-tv-4k-brings-home-the-magic-of-cinema-with-4k-and-hdr/
15:15 Razer Basilisk FPS Gaming Mouse
The Razer Basilisk just came out in the US and we got hands on one of the first ones out of their warehouse, shipped straight from China. Full review of this 16,000 DPI gaming mouse -it's got a clutch! in the video!
https://www.razerzone.com/gaming-mice/razer-basi...

published: 14 Sep 2017

David Graeber: "DEBT: The First 5,000 Years" | Talks at Google

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of many economists, commentators and politicians, little attention is ever paid to the historical significance of debt.
For thousands of years, the struggle between rich and poor has largely taken the form of conflicts between creditors and debtors—of arguments about the rights and wrongs of interest payments, debt peonage, amnesty, repossession, restitution, the sequestering of sheep, the seizing of vineyards, and the selling of debtors' children into slavery. By the same token, for the past five thousand years, popular insurrections have begun the same way: with the ritual destruction of debt records—tablets, papyri, ledgers; whatever form they might have taken in any particular time and place.
Enter an...

CommunicationsSafety Net
How Lifeline Connects Families and Communities
The Federal Communications Commission's Lifeline program is a critical tool to help low-income households across the country access affordable communications services. Through the program, Lifeline recipients connect with loved ones, search for employment, pursue further education goals, and engage fully as citizens. Lifeline beneficiaries include our nation's most vulnerable and chronically underserved - veterans, communities of color, native populations, seniors, and rural residents. For members of these communities, the Lifeline program facilitates access to services that would otherwise be unaffordable. These services are so important that those with limited means may limit expenses for other essentials like foo...

The Economy of Promises: Trust & Credit in America

In an economy that depends on credit, people have to decide who is trustworthy and will keep their promises, and who is not. 2016 Maguire ChairBruce Carruthers considers how credit and credit decision-making in the U.S. has developed suring the 19th and 20th-centuries with the invention and spread of credit ratings and scores. These augmented and even replaced older methods that depended on individual reputations and personal relationships, and eventually governed the allocation of consumer and business credit.
Speaker Biography: Bruce Carruthers is the John D. MacArthur Chair and professor of sociology and director of the BuffetInstitute for Global Studies at Northwestern University. He is the author or coauthor of five books on markets, business, the economy, and politics. His most r...

published: 20 Mar 2017

Retirement Report: Four Types of Risk

published: 23 Jun 2016

Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google

Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer.
That burden now takes the form o...

Saint Xavier's "Professor Fraud" discusses Credit Fraud and ID Theft

Saint XavierProfessorWilliam Kresse appeared on an episode of You and the Law, produced by CBATelevision Productions, Inc. a not-for-profit affiliate of the Chicago Bar Association.
Kresse took part in the taping of the episode titled Credit CardHacking alongside fellow guest Assistant Attorney GeneralChristine Nielsen and show host RuthKaufman.
He discussed the various ways a consumers credit information can be stolen, what a consumer can do if this happens and what measures a consumer can take to prevent this from occurring.
The discussion also included the specific case of credit card information theft from millions of TJ Maxx and Marshalls customers.
You and the Law is a topical, panel-format talk show, emphasizing the public service aspects of the law. The show exp...

published: 14 Apr 2009

Alternative Lending is Dead, Long Live Data - Rob Frohwein, Kabbage

The keynote presentation by Rob Frohwein, of Kabbage, at LendIt USA 2017 titled 'Alternative Lending is Dead, Long LiveData'. LendIt USA is the world’s biggest show in lending and fintech.

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

The Economics of Credit Cards

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the ...

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the world to have instantaneous access to credit to transact in both traditional in-person retail settings and over the Internet with businesses they will never see. In theU.S., we have become accustomed to paying for an increasing share of our purchases through electronic means.
But behind their convenience and speed lies an often misunderstood economics of consumer credit, two-sided markets, and network systems. Congressional action to regulate these markets must take into consideration the unique nature of this changing form of currency.
ProfessorTodd Zywicki and Professor Geoffrey Manne will provide an overview of the trends and data related to credit card usage, as well as explain the mechanisms which allow them to exist.
PDF: http://www.law.gmu.edu/assets/files/publications/working_papers/00-22.pdfHelp us caption & translate this video!
http://amara.org/v/CNIu/

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the world to have instantaneous access to credit to transact in both traditional in-person retail settings and over the Internet with businesses they will never see. In theU.S., we have become accustomed to paying for an increasing share of our purchases through electronic means.
But behind their convenience and speed lies an often misunderstood economics of consumer credit, two-sided markets, and network systems. Congressional action to regulate these markets must take into consideration the unique nature of this changing form of currency.
ProfessorTodd Zywicki and Professor Geoffrey Manne will provide an overview of the trends and data related to credit card usage, as well as explain the mechanisms which allow them to exist.
PDF: http://www.law.gmu.edu/assets/files/publications/working_papers/00-22.pdfHelp us caption & translate this video!
http://amara.org/v/CNIu/

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning...

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

The Bubble Economy and How to Prevent Financial Disasters in the Future (2009)

Popular among laymen but not fully confirmed by empirical research, greater fool theory portrays bubbles as driven by the behavior of a perennially optimistic m...

Popular among laymen but not fully confirmed by empirical research, greater fool theory portrays bubbles as driven by the behavior of a perennially optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. According to this unsupported explanation, the bubbles continue as long as the fools can find greater fools to pay up for the overvalued asset. The bubbles will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price.
Extrapolation is projecting historical data into the future on the same basis; if prices have risen at a certain rate in the past, they will continue to rise at that rate forever. The argument is that investors tend to extrapolate past extraordinary returns on investment of certain assets into the future, causing them to overbid those risky assets in order to attempt to continue to capture those same rates of return.
Overbidding on certain assets will at some point result in uneconomic rates of return for investors; only then the asset price deflation will begin. When investors feel that they are no longer well compensated for holding those risky assets, they will start to demand higher rates of return on their investments.
Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. A person's belief that they are responsible for the consequences of their own actions is an essential aspect of rational behavior. An investor must balance the possibility of making a return on their investment with the risk of making a loss -- the risk-return relationship. A moral hazard can occur when this relationship is interfered with, often via government policy.
A recent example is the Troubled Asset Relief Program (TARP), signed into law by U.S. PresidentGeorge W. Bush on October 3, 2008 to provide a Government bailout for many financial and non-financial institutions who speculated in high-risk financial instruments during the housing boom condemned by a 2005 story in The Economist titled "The worldwide rise in house prices is the biggest bubble in history".[22] A historical example was intervention by the Dutch Parliament during the great Tulip Mania of 1637.
Other causes of perceived insulation from risk may derive from a given entity's predominance in a market relative to other players, and not from state intervention or market regulation. A firm -- or several large firms acting in concert (see cartel, oligopoly and collusion) -- with very large holdings and capital reserves could instigate a market bubble by investing heavily in a given asset, creating a relative scarcity which drives up that asset's price. Because of the signaling power of the large firm or group of colluding firms, the firm's smaller competitors will follow suit, similarly investing in the asset due to its price gains.
However, in relation to the party instigating the bubble, these smaller competitors are insufficiently leveraged to withstand a similarly rapid decline in the asset's price. When the large firm, cartel or de facto collusive body perceives a maximal peak has been reached in the traded asset's price, it can then proceed to rapidly sell or "dump" its holdings of this asset on the market, precipitating a price decline that forces its competitors into insolvency, bankruptcy or foreclosure.
The large firm or cartel -- which has intentionally leveraged itself to withstand the price decline it engineered -- can then acquire the capital of its failing or devalued competitors at a low price as well as capture a greater market share (e.g., via a merger or acquisition which expands the dominant firm's distribution chain). If the bubble-instigating party is itself a lending institution, it can combine its knowledge of its borrowers' leveraging positions with publicly available information on their stock holdings, and strategically shield or expose them to default.
http://en.wikipedia.org/wiki/Bubble_economy

Popular among laymen but not fully confirmed by empirical research, greater fool theory portrays bubbles as driven by the behavior of a perennially optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. According to this unsupported explanation, the bubbles continue as long as the fools can find greater fools to pay up for the overvalued asset. The bubbles will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price.
Extrapolation is projecting historical data into the future on the same basis; if prices have risen at a certain rate in the past, they will continue to rise at that rate forever. The argument is that investors tend to extrapolate past extraordinary returns on investment of certain assets into the future, causing them to overbid those risky assets in order to attempt to continue to capture those same rates of return.
Overbidding on certain assets will at some point result in uneconomic rates of return for investors; only then the asset price deflation will begin. When investors feel that they are no longer well compensated for holding those risky assets, they will start to demand higher rates of return on their investments.
Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. A person's belief that they are responsible for the consequences of their own actions is an essential aspect of rational behavior. An investor must balance the possibility of making a return on their investment with the risk of making a loss -- the risk-return relationship. A moral hazard can occur when this relationship is interfered with, often via government policy.
A recent example is the Troubled Asset Relief Program (TARP), signed into law by U.S. PresidentGeorge W. Bush on October 3, 2008 to provide a Government bailout for many financial and non-financial institutions who speculated in high-risk financial instruments during the housing boom condemned by a 2005 story in The Economist titled "The worldwide rise in house prices is the biggest bubble in history".[22] A historical example was intervention by the Dutch Parliament during the great Tulip Mania of 1637.
Other causes of perceived insulation from risk may derive from a given entity's predominance in a market relative to other players, and not from state intervention or market regulation. A firm -- or several large firms acting in concert (see cartel, oligopoly and collusion) -- with very large holdings and capital reserves could instigate a market bubble by investing heavily in a given asset, creating a relative scarcity which drives up that asset's price. Because of the signaling power of the large firm or group of colluding firms, the firm's smaller competitors will follow suit, similarly investing in the asset due to its price gains.
However, in relation to the party instigating the bubble, these smaller competitors are insufficiently leveraged to withstand a similarly rapid decline in the asset's price. When the large firm, cartel or de facto collusive body perceives a maximal peak has been reached in the traded asset's price, it can then proceed to rapidly sell or "dump" its holdings of this asset on the market, precipitating a price decline that forces its competitors into insolvency, bankruptcy or foreclosure.
The large firm or cartel -- which has intentionally leveraged itself to withstand the price decline it engineered -- can then acquire the capital of its failing or devalued competitors at a low price as well as capture a greater market share (e.g., via a merger or acquisition which expands the dominant firm's distribution chain). If the bubble-instigating party is itself a lending institution, it can combine its knowledge of its borrowers' leveraging positions with publicly available information on their stock holdings, and strategically shield or expose them to default.
http://en.wikipedia.org/wiki/Bubble_economy

RazerBasilisk Gaming MouseReview, Read exFAT Drives In Linux, iPhone X, Equifax Hack? Get a CreditFreeze!
------
00:47 Apple's BigEvent:
Apple announced the iPhone X, iPhone 8, Apple TV 4K and Apple WatchSeries 3... our thoughts in the video!
https://www.apple.com/iphone-x/
https://www.apple.com/iphone-8/
https://www.apple.com/apple-tv-4k/
https://www.apple.com/apple-watch-series-3/
https://www.apple.com/newsroom/2017/09/apple-tv-4k-brings-home-the-magic-of-cinema-with-4k-and-hdr/
15:15 Razer Basilisk FPS Gaming Mouse
The Razer Basilisk just came out in the US and we got hands on one of the first ones out of their warehouse, shipped straight from China. Full review of this 16,000 DPI gaming mouse -it's got a clutch! in the video!
https://www.razerzone.com/gaming-mice/razer-basilisk
22:32 About That Equifax Breach/Mess… ID Theft101
Equifax got hacked, with up to 143 million Americans impacted. What to do? Don'tsign up for Equifax's free credit monitoring on the web, get a Credit Freeze put on your account. (We talked about 'em here.) Check your credit reports, and set up a fraud alert via the FTC website... more info in the video, and if you do end up getting your identity stolen, head to identitytheft.gov!
https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do
http://www.zdnet.com/google-amp/article/equifax-freeze-your-account-site-is-also-vulnerable-to-hacking/
https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs
https://www.tekthing.com/blog/2015/6/19/5-hot-games-from-e3-970-sli-vs-980ti-get-yourself-a-credit-lock-peppermint-os-lastpass-hacked?rq=freeze%20credit
https://www.consumer.ftc.gov/articles/0275-place-fraud-alert
https://www.identitytheft.gov/Assistant#
27:23 exFAT in Linux???
Lance writes, "Why does mac have no issues with exFAT formatted drives but Linux does?" We explain why, show you how to install FUSE so Linux can run exFAT, and here's a guide for creating a ‘universal’ exFAT drive in Linux!
https://en.wikipedia.org/wiki/ExFAT#Restrictive_licensing_and_software_patents
https://matthew.komputerwiz.net/2015/12/13/formatting-universal-drive.html
29:53 GoogleCrisis Map
"Weather, Hazards, Emergency Preparedness," Google's AMAZING interactive Crisis Map makes it incredibly easy to see what's impacting our world!
https://www.google.org/crisismap/weather_and_events
32:26 Do SomethingAnalog!
Like Stew, who went skydiving before the eclipse... pictures in the video!
------
Thank You Patrons! Without your support via patreon.com/tekthing, we wouldn't be able to make the show for you every week!
https://www.patreon.com/tekthing
------
EMAIL US!
ask@tekthing.com
------
AmazonAssociates: https://www.amazon.com/shop/shannonmorse
Subscribe: https://www.youtube.com/c/tekthing
------
Website: http://www.tekthing.com
RSS: http://feeds.feedburner.com/tekthing
THANKS!
HakShop: https://hakshop.myshopify.com/
DaleChaseMusic: http://www.dalechase.com/
------
SOCIAL IT UP!
Twitter: https://twitter.com/tekthing
Facebook: https://www.facebook.com/TekThing
Reddit: https://www.reddit.com/r/tekthingers
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RazerBasilisk Gaming MouseReview, Read exFAT Drives In Linux, iPhone X, Equifax Hack? Get a CreditFreeze!
------
00:47 Apple's BigEvent:
Apple announced the iPhone X, iPhone 8, Apple TV 4K and Apple WatchSeries 3... our thoughts in the video!
https://www.apple.com/iphone-x/
https://www.apple.com/iphone-8/
https://www.apple.com/apple-tv-4k/
https://www.apple.com/apple-watch-series-3/
https://www.apple.com/newsroom/2017/09/apple-tv-4k-brings-home-the-magic-of-cinema-with-4k-and-hdr/
15:15 Razer Basilisk FPS Gaming Mouse
The Razer Basilisk just came out in the US and we got hands on one of the first ones out of their warehouse, shipped straight from China. Full review of this 16,000 DPI gaming mouse -it's got a clutch! in the video!
https://www.razerzone.com/gaming-mice/razer-basilisk
22:32 About That Equifax Breach/Mess… ID Theft101
Equifax got hacked, with up to 143 million Americans impacted. What to do? Don'tsign up for Equifax's free credit monitoring on the web, get a Credit Freeze put on your account. (We talked about 'em here.) Check your credit reports, and set up a fraud alert via the FTC website... more info in the video, and if you do end up getting your identity stolen, head to identitytheft.gov!
https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do
http://www.zdnet.com/google-amp/article/equifax-freeze-your-account-site-is-also-vulnerable-to-hacking/
https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs
https://www.tekthing.com/blog/2015/6/19/5-hot-games-from-e3-970-sli-vs-980ti-get-yourself-a-credit-lock-peppermint-os-lastpass-hacked?rq=freeze%20credit
https://www.consumer.ftc.gov/articles/0275-place-fraud-alert
https://www.identitytheft.gov/Assistant#
27:23 exFAT in Linux???
Lance writes, "Why does mac have no issues with exFAT formatted drives but Linux does?" We explain why, show you how to install FUSE so Linux can run exFAT, and here's a guide for creating a ‘universal’ exFAT drive in Linux!
https://en.wikipedia.org/wiki/ExFAT#Restrictive_licensing_and_software_patents
https://matthew.komputerwiz.net/2015/12/13/formatting-universal-drive.html
29:53 GoogleCrisis Map
"Weather, Hazards, Emergency Preparedness," Google's AMAZING interactive Crisis Map makes it incredibly easy to see what's impacting our world!
https://www.google.org/crisismap/weather_and_events
32:26 Do SomethingAnalog!
Like Stew, who went skydiving before the eclipse... pictures in the video!
------
Thank You Patrons! Without your support via patreon.com/tekthing, we wouldn't be able to make the show for you every week!
https://www.patreon.com/tekthing
------
EMAIL US!
ask@tekthing.com
------
AmazonAssociates: https://www.amazon.com/shop/shannonmorse
Subscribe: https://www.youtube.com/c/tekthing
------
Website: http://www.tekthing.com
RSS: http://feeds.feedburner.com/tekthing
THANKS!
HakShop: https://hakshop.myshopify.com/
DaleChaseMusic: http://www.dalechase.com/
------
SOCIAL IT UP!
Twitter: https://twitter.com/tekthing
Facebook: https://www.facebook.com/TekThing
Reddit: https://www.reddit.com/r/tekthingers
------

David Graeber: "DEBT: The First 5,000 Years" | Talks at Google

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of many economists, commentators and politicians, little attention is ever p...

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of many economists, commentators and politicians, little attention is ever paid to the historical significance of debt.
For thousands of years, the struggle between rich and poor has largely taken the form of conflicts between creditors and debtors—of arguments about the rights and wrongs of interest payments, debt peonage, amnesty, repossession, restitution, the sequestering of sheep, the seizing of vineyards, and the selling of debtors' children into slavery. By the same token, for the past five thousand years, popular insurrections have begun the same way: with the ritual destruction of debt records—tablets, papyri, ledgers; whatever form they might have taken in any particular time and place.
Enter anthropologist David Graeber's Debt: The First 5,000 Years (July, ISBN 978-1-933633-86-2), which uses these struggles to show that the history of debt is also a history of morality and culture.
In the throes of the recent economic crisis, with the very defining institutions of capitalism crumbling, surveys showed that an overwhelming majority of Americans felt that the country's banks should not be rescued—whatever the economic consequences—but that ordinary citizens stuck with bad mortgages should be bailed out. The notion of morality as a matter of paying one's debts runs deeper in the United States than in almost any other country.
Beginning with a sharp critique of economics (which since Adam Smith has erroneously argued that all human economies evolved out of barter), Graeber carefully shows that everything from the ancient work of law and religion to human notions like "guilt," "sin," and "redemption," are deeply influenced by ancients debates about credit and debt.
It is no accident that debt continues to fuel political debate, from the crippling debt crises that have gripped Greece and Ireland, to our own debate over whether to raise the debt ceiling. Debt, an incredibly captivating narrative spanning 5,000 years, puts these crises into their full context and illuminates one of the thorniest subjects in all of history.
ABOUT THE AUTHOR
David Graeber teaches anthropology at Goldsmiths College, University of London. He is the author of Towards an Anthropological Theory of Value, LostPeople, and Possibilities: Essays on Hierarchy, Rebellion, and Desire.
This talk was hosted by Boris Debic on behalf of the Authors@Google program.

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of many economists, commentators and politicians, little attention is ever paid to the historical significance of debt.
For thousands of years, the struggle between rich and poor has largely taken the form of conflicts between creditors and debtors—of arguments about the rights and wrongs of interest payments, debt peonage, amnesty, repossession, restitution, the sequestering of sheep, the seizing of vineyards, and the selling of debtors' children into slavery. By the same token, for the past five thousand years, popular insurrections have begun the same way: with the ritual destruction of debt records—tablets, papyri, ledgers; whatever form they might have taken in any particular time and place.
Enter anthropologist David Graeber's Debt: The First 5,000 Years (July, ISBN 978-1-933633-86-2), which uses these struggles to show that the history of debt is also a history of morality and culture.
In the throes of the recent economic crisis, with the very defining institutions of capitalism crumbling, surveys showed that an overwhelming majority of Americans felt that the country's banks should not be rescued—whatever the economic consequences—but that ordinary citizens stuck with bad mortgages should be bailed out. The notion of morality as a matter of paying one's debts runs deeper in the United States than in almost any other country.
Beginning with a sharp critique of economics (which since Adam Smith has erroneously argued that all human economies evolved out of barter), Graeber carefully shows that everything from the ancient work of law and religion to human notions like "guilt," "sin," and "redemption," are deeply influenced by ancients debates about credit and debt.
It is no accident that debt continues to fuel political debate, from the crippling debt crises that have gripped Greece and Ireland, to our own debate over whether to raise the debt ceiling. Debt, an incredibly captivating narrative spanning 5,000 years, puts these crises into their full context and illuminates one of the thorniest subjects in all of history.
ABOUT THE AUTHOR
David Graeber teaches anthropology at Goldsmiths College, University of London. He is the author of Towards an Anthropological Theory of Value, LostPeople, and Possibilities: Essays on Hierarchy, Rebellion, and Desire.
This talk was hosted by Boris Debic on behalf of the Authors@Google program.

Mark Blyth: "Austerity - The History of a Dangerous Idea" | Talks at Google

Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. I...

Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer.
That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.
About the Author: Mark Blyth is a faculty fellow at the Watson Institute, professor of international political economy in Brown'sPolitical ScienceDepartment, and director of the University's undergraduate programs in development studies and international relations.
He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; editor of The Routledge Handbook of International Political Economy: IPE as a GlobalConversation, which surveys different schools of IPE around the globe; and co-editor of a volume on constructivist theory and political economy titled Constructing the InternationalEconomy. He is working on a new book that questions the political and economic sustainability of liberal democracies, called The End of the LiberalWorld?
Blyth is a member of the WarwickCommission on International Financial Reform. He is a member of the editorial board of the Review of International Political Economy, and his articles have appeared in journals such as the American Political Science Review, Perspectives on Politics, Comparative Politics, and World Politics.
He has a PhD in political science from Columbia University and taught at Johns Hopkins University from 1997 to 2009.
This talk was hosted by Boris Debic on behalf of Authors@Google.

Governments today in both Europe and the United States have succeeded in casting government spending as reckless wastefulness that has made the economy worse. In contrast, they have advanced a policy of draconian budget cuts--austerity--to solve the financial crisis. We are told that we have all lived beyond our means and now need to tighten our belts. This view conveniently forgets where all that debt came from. Not from an orgy of government spending, but as the direct result of bailing out, recapitalizing, and adding liquidity to the broken banking system. Through these actions private debt was rechristened as government debt while those responsible for generating it walked away scot free, placing the blame on the state, and the burden on the taxpayer.
That burden now takes the form of a global turn to austerity, the policy of reducing domestic wages and prices to restore competitiveness and balance the budget. The problem, according to political economist Mark Blyth, is that austerity is a very dangerous idea. First of all, it doesn't work. As the past four years and countless historical examples from the last 100 years show, while it makes sense for any one state to try and cut its way to growth, it simply cannot work when all states try it simultaneously: all we do is shrink the economy. In the worst case, austerity policies worsened the Great Depression and created the conditions for seizures of power by the forces responsible for the Second World War: the Nazis and the Japanese military establishment. As Blyth amply demonstrates, the arguments for austerity are tenuous and the evidence thin. Rather than expanding growth and opportunity, the repeated revival of this dead economic idea has almost always led to low growth along with increases in wealth and income inequality. Austerity demolishes the conventional wisdom, marshaling an army of facts to demand that we recognize austerity for what it is, and what it costs us.
About the Author: Mark Blyth is a faculty fellow at the Watson Institute, professor of international political economy in Brown'sPolitical ScienceDepartment, and director of the University's undergraduate programs in development studies and international relations.
He is the author of Great Transformations: Economic Ideas and Institutional Change in the Twentieth Century; editor of The Routledge Handbook of International Political Economy: IPE as a GlobalConversation, which surveys different schools of IPE around the globe; and co-editor of a volume on constructivist theory and political economy titled Constructing the InternationalEconomy. He is working on a new book that questions the political and economic sustainability of liberal democracies, called The End of the LiberalWorld?
Blyth is a member of the WarwickCommission on International Financial Reform. He is a member of the editorial board of the Review of International Political Economy, and his articles have appeared in journals such as the American Political Science Review, Perspectives on Politics, Comparative Politics, and World Politics.
He has a PhD in political science from Columbia University and taught at Johns Hopkins University from 1997 to 2009.
This talk was hosted by Boris Debic on behalf of Authors@Google.

Saint XavierProfessorWilliam Kresse appeared on an episode of You and the Law, produced by CBATelevision Productions, Inc. a not-for-profit affiliate of the Chicago Bar Association.
Kresse took part in the taping of the episode titled Credit CardHacking alongside fellow guest Assistant Attorney GeneralChristine Nielsen and show host RuthKaufman.
He discussed the various ways a consumers credit information can be stolen, what a consumer can do if this happens and what measures a consumer can take to prevent this from occurring.
The discussion also included the specific case of credit card information theft from millions of TJ Maxx and Marshalls customers.
You and the Law is a topical, panel-format talk show, emphasizing the public service aspects of the law. The show explains issues, discusses the impact of public policy changes and court decisions, and stresses the role of lawyers and judges in making and influencing those decisions. The show is cablecast to more than 500,000 households throughout the Chicago area on cable channel 19 in three 12-week seasons per year.
Bill Kresse is the director and chief architect of the financial fraud examination and management graduate program at Saint Xavier Universitys Graham School of Management, currently the only classroom-based MBA program in financial fraud examination and identity theft in the country. The 40,000-member Association of Certified Fraud Examiners, the worlds leading organization for anti-fraud professionals, recently named Kresse its Educator of the Year.
Saint Xavier offers the program, which combines law enforcement, law, accounting and general business education, at its Chicago campus, at the Chicago Bar Association building in the Loop and at the Chicago PoliceAcademy. The U.S.Air Force and Chicago Police Department have both chosen the program to better train their agents and officers in identity theft and financial and procurement fraud.
Become a fan of Professor Fruad at http://www.facebook.com/home.php?#/pages/Professor-Fraud/70768387692?ref=nf

Saint XavierProfessorWilliam Kresse appeared on an episode of You and the Law, produced by CBATelevision Productions, Inc. a not-for-profit affiliate of the Chicago Bar Association.
Kresse took part in the taping of the episode titled Credit CardHacking alongside fellow guest Assistant Attorney GeneralChristine Nielsen and show host RuthKaufman.
He discussed the various ways a consumers credit information can be stolen, what a consumer can do if this happens and what measures a consumer can take to prevent this from occurring.
The discussion also included the specific case of credit card information theft from millions of TJ Maxx and Marshalls customers.
You and the Law is a topical, panel-format talk show, emphasizing the public service aspects of the law. The show explains issues, discusses the impact of public policy changes and court decisions, and stresses the role of lawyers and judges in making and influencing those decisions. The show is cablecast to more than 500,000 households throughout the Chicago area on cable channel 19 in three 12-week seasons per year.
Bill Kresse is the director and chief architect of the financial fraud examination and management graduate program at Saint Xavier Universitys Graham School of Management, currently the only classroom-based MBA program in financial fraud examination and identity theft in the country. The 40,000-member Association of Certified Fraud Examiners, the worlds leading organization for anti-fraud professionals, recently named Kresse its Educator of the Year.
Saint Xavier offers the program, which combines law enforcement, law, accounting and general business education, at its Chicago campus, at the Chicago Bar Association building in the Loop and at the Chicago PoliceAcademy. The U.S.Air Force and Chicago Police Department have both chosen the program to better train their agents and officers in identity theft and financial and procurement fraud.
Become a fan of Professor Fruad at http://www.facebook.com/home.php?#/pages/Professor-Fraud/70768387692?ref=nf

Consumer Credit Protection Act of 1968
required lender disclosures help consumers shop
The Consumer Credit Protection Act of 1968 was the first time that lenders became required to explain their products using common language and terms so that customers could compare one lender with another. The truth-in-lending disclosers are the foundation of the Consumer Credit Protection Act. Title I of the Consumer Credit Protection Act became the Truth In Lending Act, also of 1968 (TILA). From this was the directive Regulation Z. Together, the requirements on lenders include disclosing the name of the lender, amount financed, the finance charge, the annual percentage rate or APR, the total of payments, the payment schedule, and all terms of the loan. RelatedWords: truth-in-lending law, Truth-in-Lending Act, Regulation Z
Multiple Choice Question
Consumer Credit Protection Act of 1968
A keeping services unique keeps customers from leaving
B real estate Commissioner brings against agent
C good credit is a right of citizenship
D required lender disclosures help consumers shop
Correct Answer: d
If you would like to suggest corrections to this word, email us at vocabubee@gmail.com. Thank you.
This word appears in the book Vocab-U-Bee California CA Real EstateLicenseExam Top Pass Words
Find links to all our playlists at VocabUBee.com
Vocab-U-Bee Values: Consistency First, One Small Step Each Day and the 42 Bee March
Thank You! and Good Luck!

The secrets of rewards travel

Accruing points or miles can save clever credit card users thousands of dollars on travel and upgrades, but there are hazards. AnnaWerner talks with the bloggers behind the websites Points With a Crew and The Points Guy to learn the secrets of turning credit card points programs into free travel.

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

20:07

Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agen...

Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

Credit bureau

Credit Bureaus are collection agencies, which is not the same as a consumer reporting agency in the United States, credit reference agency in the United Kingdom, and credit reporting body in Australia — a company that collects information from various sources and provides consumer credit information on individual consumers for a variety of uses. A Consumer Reporting Agency is an organization providing information on individuals' borrowing and bill-paying habits. Credit information such as a person’s previous loan performance is a powerful tool to predict his future behavior. Such credit information institutions reduce the effect of asymmetric information between borrowers and lenders, and alleviate problems of adverse selection and moral hazard. For example, adequate credit information could facilitate lenders in screening and monitoring borrowers as well as avoiding giving loans to high risk individuals. This helps lenders assess credit worthiness, the ability to pay back a loan, and can affect the interest rate and other terms of a loan. Interest rates are not the same for everyone, but instead can be based on risk-based pricing, a form of price discrimination based on the different expected risks of different borrowers, as set out in their credit rating. Consumers with poor credit repayment histories or court adjudicated debt obligations like tax liens or bankruptcies will pay a higher annual interest rate than consumers who don't have these factors. Additionally, decision-makers in areas unrelated to consumer credit, including employment screening and underwriting of property and casualty insurance, increasingly depend on credit records, as studies have shown that such records have predictive value. At the same time, consumers also benefit from a good credit information system because it reduces the effect of credit monopoly from banks and provides incentives for borrowers to repay their loans on time.
In theU.S., consumer reporting agencies collect and aggregate personal information, financial data, and alternative data on individuals from a variety of sources called data furnishers with which the reporting agencies have a relationship. Data furnishers are typically creditors, lenders, utilities, debt collection agencies and the courts that a consumer has had a relationship or experience with. Data furnishers report their payment experience with the consumer to the credit reporting agencies. The data provided by the furnishers as well as collected by the bureaus are then aggregated into the consumer reporting agency's data repository or files. The resulting information is made available on request to customers of the consumer reporting agencies' for the purposes of credit risk assessment, credit scoring or for other purposes such as employment consideration or leasing an apartment. Given the large number of consumer borrowers, these credit scores tend to be mechanistic. To simplify the analytical process for their customers, the different consumer reporting agencies can apply a mathematical algorithm to provide a score the customer can use to more rapidly assess the likelihood that an individual will repay a particular debt given the frequency that other individuals in similar situations have defaulted. Most consumer welfare advocates advise individuals to review their credit reports at least once a year to ensure they are accurate.
This video is targeted to blind users.
Attribution:
Article text available under CC-BY-SACreative Commons image source in video

1:16:42

The Economics of Credit Cards

Credit cards and other electronic payment vehicles are a large and increasingly important ...

The Economics of Credit Cards

Credit cards and other electronic payment vehicles are a large and increasingly important part of how we do business. Credit cards allow consumers all over the world to have instantaneous access to credit to transact in both traditional in-person retail settings and over the Internet with businesses they will never see. In theU.S., we have become accustomed to paying for an increasing share of our purchases through electronic means.
But behind their convenience and speed lies an often misunderstood economics of consumer credit, two-sided markets, and network systems. Congressional action to regulate these markets must take into consideration the unique nature of this changing form of currency.
ProfessorTodd Zywicki and Professor Geoffrey Manne will provide an overview of the trends and data related to credit card usage, as well as explain the mechanisms which allow them to exist.
PDF: http://www.law.gmu.edu/assets/files/publications/working_papers/00-22.pdfHelp us caption & translate this video!
http://amara.org/v/CNIu/

Ask the Experts Your Credit

SmartCredit.com's John Ulzheimer joins Jill Schlesinger and Jack Otter to talk credit cards and credit scores. He reports that more card companies are beginning to court subprime borrowers, and discusses the pros and cons of pre-paid debit cards.

The Bubble Economy and How to Prevent Financial Disasters in the Future (2009)

Popular among laymen but not fully confirmed by empirical research, greater fool theory portrays bubbles as driven by the behavior of a perennially optimistic market participants (the fools) who buy overvalued assets in anticipation of selling it to other speculators (the greater fools) at a much higher price. According to this unsupported explanation, the bubbles continue as long as the fools can find greater fools to pay up for the overvalued asset. The bubbles will end only when the greater fool becomes the greatest fool who pays the top price for the overvalued asset and can no longer find another buyer to pay for it at a higher price.
Extrapolation is projecting historical data into the future on the same basis; if prices have risen at a certain rate in the past, they will continue to rise at that rate forever. The argument is that investors tend to extrapolate past extraordinary returns on investment of certain assets into the future, causing them to overbid those risky assets in order to attempt to continue to capture those same rates of return.
Overbidding on certain assets will at some point result in uneconomic rates of return for investors; only then the asset price deflation will begin. When investors feel that they are no longer well compensated for holding those risky assets, they will start to demand higher rates of return on their investments.
Moral hazard is the prospect that a party insulated from risk may behave differently from the way it would behave if it were fully exposed to the risk. A person's belief that they are responsible for the consequences of their own actions is an essential aspect of rational behavior. An investor must balance the possibility of making a return on their investment with the risk of making a loss -- the risk-return relationship. A moral hazard can occur when this relationship is interfered with, often via government policy.
A recent example is the Troubled Asset Relief Program (TARP), signed into law by U.S. PresidentGeorge W. Bush on October 3, 2008 to provide a Government bailout for many financial and non-financial institutions who speculated in high-risk financial instruments during the housing boom condemned by a 2005 story in The Economist titled "The worldwide rise in house prices is the biggest bubble in history".[22] A historical example was intervention by the Dutch Parliament during the great Tulip Mania of 1637.
Other causes of perceived insulation from risk may derive from a given entity's predominance in a market relative to other players, and not from state intervention or market regulation. A firm -- or several large firms acting in concert (see cartel, oligopoly and collusion) -- with very large holdings and capital reserves could instigate a market bubble by investing heavily in a given asset, creating a relative scarcity which drives up that asset's price. Because of the signaling power of the large firm or group of colluding firms, the firm's smaller competitors will follow suit, similarly investing in the asset due to its price gains.
However, in relation to the party instigating the bubble, these smaller competitors are insufficiently leveraged to withstand a similarly rapid decline in the asset's price. When the large firm, cartel or de facto collusive body perceives a maximal peak has been reached in the traded asset's price, it can then proceed to rapidly sell or "dump" its holdings of this asset on the market, precipitating a price decline that forces its competitors into insolvency, bankruptcy or foreclosure.
The large firm or cartel -- which has intentionally leveraged itself to withstand the price decline it engineered -- can then acquire the capital of its failing or devalued competitors at a low price as well as capture a greater market share (e.g., via a merger or acquisition which expands the dominant firm's distribution chain). If the bubble-instigating party is itself a lending institution, it can combine its knowledge of its borrowers' leveraging positions with publicly available information on their stock holdings, and strategically shield or expose them to default.
http://en.wikipedia.org/wiki/Bubble_economy

1:14:56

3. Technology and Invention in Finance

Financial Markets (ECON 252)
Technology and innovation underlie finance. In order to ma...

RazerBasilisk Gaming MouseReview, Read exFAT Drives In Linux, iPhone X, Equifax Hack? Get a CreditFreeze!
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00:47 Apple's BigEvent:
Apple announced the iPhone X, iPhone 8, Apple TV 4K and Apple WatchSeries 3... our thoughts in the video!
https://www.apple.com/iphone-x/
https://www.apple.com/iphone-8/
https://www.apple.com/apple-tv-4k/
https://www.apple.com/apple-watch-series-3/
https://www.apple.com/newsroom/2017/09/apple-tv-4k-brings-home-the-magic-of-cinema-with-4k-and-hdr/
15:15 Razer Basilisk FPS Gaming Mouse
The Razer Basilisk just came out in the US and we got hands on one of the first ones out of their warehouse, shipped straight from China. Full review of this 16,000 DPI gaming mouse -it's got a clutch! in the video!
https://www.razerzone.com/gaming-mice/razer-basilisk
22:32 About That Equifax Breach/Mess… ID Theft101
Equifax got hacked, with up to 143 million Americans impacted. What to do? Don'tsign up for Equifax's free credit monitoring on the web, get a Credit Freeze put on your account. (We talked about 'em here.) Check your credit reports, and set up a fraud alert via the FTC website... more info in the video, and if you do end up getting your identity stolen, head to identitytheft.gov!
https://www.consumer.ftc.gov/blog/2017/09/equifax-data-breach-what-do
http://www.zdnet.com/google-amp/article/equifax-freeze-your-account-site-is-also-vulnerable-to-hacking/
https://www.consumer.ftc.gov/articles/0497-credit-freeze-faqs
https://www.tekthing.com/blog/2015/6/19/5-hot-games-from-e3-970-sli-vs-980ti-get-yourself-a-credit-lock-peppermint-os-lastpass-hacked?rq=freeze%20credit
https://www.consumer.ftc.gov/articles/0275-place-fraud-alert
https://www.identitytheft.gov/Assistant#
27:23 exFAT in Linux???
Lance writes, "Why does mac have no issues with exFAT formatted drives but Linux does?" We explain why, show you how to install FUSE so Linux can run exFAT, and here's a guide for creating a ‘universal’ exFAT drive in Linux!
https://en.wikipedia.org/wiki/ExFAT#Restrictive_licensing_and_software_patents
https://matthew.komputerwiz.net/2015/12/13/formatting-universal-drive.html
29:53 GoogleCrisis Map
"Weather, Hazards, Emergency Preparedness," Google's AMAZING interactive Crisis Map makes it incredibly easy to see what's impacting our world!
https://www.google.org/crisismap/weather_and_events
32:26 Do SomethingAnalog!
Like Stew, who went skydiving before the eclipse... pictures in the video!
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1:21:10

David Graeber: "DEBT: The First 5,000 Years" | Talks at Google

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of man...

David Graeber: "DEBT: The First 5,000 Years" | Talks at Google

DEBT: The First 5,000 Years
While the "national debt" has been the concern du jour of many economists, commentators and politicians, little attention is ever paid to the historical significance of debt.
For thousands of years, the struggle between rich and poor has largely taken the form of conflicts between creditors and debtors—of arguments about the rights and wrongs of interest payments, debt peonage, amnesty, repossession, restitution, the sequestering of sheep, the seizing of vineyards, and the selling of debtors' children into slavery. By the same token, for the past five thousand years, popular insurrections have begun the same way: with the ritual destruction of debt records—tablets, papyri, ledgers; whatever form they might have taken in any particular time and place.
Enter anthropologist David Graeber's Debt: The First 5,000 Years (July, ISBN 978-1-933633-86-2), which uses these struggles to show that the history of debt is also a history of morality and culture.
In the throes of the recent economic crisis, with the very defining institutions of capitalism crumbling, surveys showed that an overwhelming majority of Americans felt that the country's banks should not be rescued—whatever the economic consequences—but that ordinary citizens stuck with bad mortgages should be bailed out. The notion of morality as a matter of paying one's debts runs deeper in the United States than in almost any other country.
Beginning with a sharp critique of economics (which since Adam Smith has erroneously argued that all human economies evolved out of barter), Graeber carefully shows that everything from the ancient work of law and religion to human notions like "guilt," "sin," and "redemption," are deeply influenced by ancients debates about credit and debt.
It is no accident that debt continues to fuel political debate, from the crippling debt crises that have gripped Greece and Ireland, to our own debate over whether to raise the debt ceiling. Debt, an incredibly captivating narrative spanning 5,000 years, puts these crises into their full context and illuminates one of the thorniest subjects in all of history.
ABOUT THE AUTHOR
David Graeber teaches anthropology at Goldsmiths College, University of London. He is the author of Towards an Anthropological Theory of Value, LostPeople, and Possibilities: Essays on Hierarchy, Rebellion, and Desire.
This talk was hosted by Boris Debic on behalf of the Authors@Google program.

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LONDON (AP) — A British surgeon has admitted assaulting two patients by burning his initials into their livers during transplant operations ...Bramhall used an argon beam coagulator, which seals bleeding blood vessels with an electric beam, to mark his initials on the organs ... ....

District JudgeTed Stewart said during a hearing in Salt Lake City that Lyle Jeffs deserved the 57-month prison sentence because his behavior showed he doesn't respect U.S ... Jeffs is an adult. He knows right from wrong." ... He was ordered to pay $1 million in restitution ... "I do humbly accept my responsibly for my actions ... The FBI put up a $50,000 reward....

Federal policymakers aid the increase in the benchmark federal funds rate would shift from 1.25 percent to 1.5 percent, the third increase on the key rate this year. The decision signals higher rates on consumer loans, credit cards, and other loans, and indicates that the central bank is confident about the current strength of the economy and ready to push rates to more normalized levels. Economic growth in the U.S....

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An attempt to reserve a Rancho Cucamonga hotel room with a fake credit card led to the arrest of two San Jacinto residents and one Lake Elsinore... Deputies found equipment to make credit cards and fake credit cards, the release said....

Gov. Larry Hogan wants to spend $6 million a year to expand a tax credit program that gives certain job-creating businesses a decade-long reprieve from some state taxes. Hogan announced his plan Wednesday, saying that the existing job creation program has been so popular in its inaugural year that... ....

INDIANAPOLIS – The story goes that getting away from Russell Westbrook has sparked Victor Oladipo's career season. The former Thunder guard is starring in a lead role for the Indiana Pacers, controlling the ball the way he never could as Westbrook's backcourt mate in Oklahoma City... But Oladipo didn't credit his time away from Westbrook ... “So, he definitely helped influence my growth both on and off the court ... Happy for him.”....

By JeffTodd. COMMERCE CITY, Colo. (CBS4)– A church in Commerce City is giving back to the community after it received an outpouring of support. “We challenged our youth group, ‘Hey, how about for 30 days we do something for somebody else?’” said AaronCordova, the youth pastor at Landing Place Church. (credit. CBS) ... In October, a thief stole a trailer from the church ... (credit ... (credit ... (credit ... (credit ... (credit ... (credit ... (credit ... (credit....